235 Hanover Street is a potential cash cow! Currently cash flowing with 3/5 occupied units and below market rents, this property has the potential to gross $6,500/month when fully occupied and current market rents. The property consists of 3 residential studio units and 2 commercial store fronts. Location! The building is situated in Meriden's Downtown, with close proximity to the Meriden Green, City Hall, restaurants, the new train station, new public library, highways, etc. With its low-rise structure, brick/vinyl siding and electric heat, this building is low maintenance and not management intensive. Each unit has separate electric meters + owner meter. Behind the building is a 4-car private driveway. For the commercial spaces, there is great exposure with a 7,200+ car traffic count per day. Meriden has spent the last several years improving their downtown area with new development, and this building sits in diagonal view from the new center that will soon begin construction. Seize the opportunity to purchase a value-add property centrally located in Meriden's up and coming downtown & cash in on its revitalization!
$415,000 • 2.50%
Make OfferLori DeSanti, Berkshire Hathaway NE Prop.
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